【SMM Steel】Thailand's steel industry urges govt support as rising costs force price hikes

Published: Apr 7, 2026 18:36

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【SMM Steel】Thailand's steel industry seeks stronger govt support as rising input costs force price hikes. Steel prices are expected to rise 10-15% in April, with possible further hikes in May. The sector is facing higher transport, fuel, freight, and electricity costs, and relies heavily on imported scrap. No layoffs are planned, but competitiveness will weaken without support, including stronger AD protections and more local steel in public projects.

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